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Property profile & analytics
OFF-MARKET
Bars & Pubs
3466 Atlantic Ave Cocoa Beach, FL 32931-2112
Entity Owned
1-yr Hold
~
Est. High Equity
Property ID
US18-3589770
Property profile
Verified
Property type
Bars & Pubs
Use group
NIGHTCLUB (COCKTAIL LOUNGE)
Year built
1958
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
6,080 SF
Lot
0.34 ac (14,810 SF)
Zoning code
BU1
APN
25-37-35-25-00004.0-0009.01
UPID
US18-3589770
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
by Request
Owner & transaction history
Runway Villas LLC · 1 yrs held
Runway Villas LLC
since 2025
7 recorded transactions
Zoning & alternative use
BU1 · Cocoa Beach, FL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Cap rate
Implied · in-place · derived from last sale + estimated NOI
Implied Cap rate
#1
Implied · in-place · NOI ÷ last sale
In-place · derived from last sale + estimated NOI
Cap rate, NOI & submarket benchmark
Implied cap rate vs Cocoa Beach submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Cocoa Beach submarket · NOI estimate · typical band, median & reading
Refine your cap rate
8-question underwriting flow
1.
Property current status — Going-In vs Stabilized
2.
Price for denominator — asking / offer / market
3.
Leasing status & lease structure (NNN / Gross)
4.
Tenant risk profile & vacancy assumption
5.
Upload T12 / rent roll / OM (optional)
Refine in 60 seconds, get exact suggested price
T12 upload · Submarket benchmarks · Sensitivity grid
Suggested price · 3 cap rate anchors
Income approach @ 5% / 7% / 9% — aggressive / typical / conservative
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · Implied $/SF per anchor · Sensitivity grid
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · implied $/SF · sensitivity
Value
AI, CAP & Alternative Use estimations · Realmo proprietary blendValue Estimations
Based on Realmo’s proprietary methodology
AI Approach
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
—
Submarket sale & rent benchmarks
Median sale $/SF · Asking & closed rent · Submarket vacancy
Submarket sale & rent benchmarks
Median sale $/SF · asking & closed rent · submarket vacancy
Property tax & assessments
Tax year 2023Property tax & assessments
Tax year 2023
Tax billed
$4,724
Tax year 2023
Assessed value
$400,920
Assessed 2023
Previous assessed
$408,750
-1.9% YoY
Effective rate
1.18%
On assessed value
Assessed land
$150,000
Assessed improvement
$250,920
Land market value
$150,000
Improvement market value
$250,920
Total market value
$400,920
Applied tax rate
2,600.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Recent comparable sales
Sale price & $/SF · sale date & distance · adjustments
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Bars & Pubs
Use group
NIGHTCLUB (COCKTAIL LOUNGE)
Status
Off-Market
Year built
1958
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
CENTRAL
Cooling
CENTRAL
Stories
1
Units
1
Total area
6,080 SF
Lot
0.34 ac (14,810 SF)
Zoning code
BU1
APN
25-37-35-25-00004.0-0009.01
UPID
US18-3589770
Jurisdiction
BREVARD
Zoning & alternative use
BU1 · Cocoa Beach, FLZoning BU1 · permitted uses
BU1 · Cocoa Beach, FL
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Building & site characteristics
From public records
Year built
1958
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
CENTRAL
Cooling
Yes
Stories
1
Units
1
Lot
0.34 ac
Current owner
From public records · entity-resolved
Runway Villas LLC
Entity
Mailing address
PO BOX 68826, GRAND RAPIDS, MI 49516-8826
Ownership since
2025
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
May 13, 2025
—
Runway Villas LLC
Obc Realty LLC
Warranty Deed
$1,100,000 · Rav Investments LLC
Nov 2, 2018
$550,000
Obc Realty LLC
Drift LLC
Warranty Deed
—
Jul 1, 2015
$462,500
Drift LLC
Eaton Charles D
Warranty Deed
$369,960 · Eaton Charles D Trust (pt)
Apr 23, 2009
—
Eaton Charles D Trust
Severson,kimberly L
Quit Claim Deed
related
—
Oct 26, 2007
—
Eaton Charles D Trust
Eaton,charles D
Quit Claim Deed
related
—
Sep 28, 2007
—
Eaton Esther O Trust
Eaton,esther O
Quit Claim Deed
related
—
Nov 2, 2006
—
Eaton Esther O Trust
Eaton,esther O
Quit Claim Deed
related
—
Coming soon
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Coming soon
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
Try Rey
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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